GRP Ltd (GRPLTD) AI Stock Analysis

• Market Cap: ₹9.38B
• Dividend Yield: 0.85%
• Average Volume (3M): 230.00
• Price to Earnings (P/E): 34.1
• Beta (1Y): 1.07
• Revenue Growth: 8.55%
• EPS Growth: 20.47%
• Country: IN
• Employees: 717
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 3.70
• Shares Outstanding: 5,333,332
• 10 Day Avg. Volume: 85
• 30 Day Avg. Volume: 230
• PEG Ratio: 1.37
• Price to Book (P/B): 7.81
• Price to Sales (P/S): 2.72
• P/FCF Ratio: -70.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: ₹1,995.00 ▲(13.28% Upside)

The overall stock score is primarily influenced by strong financial performance, despite challenges in cash flow management. Technical analysis indicates bearish momentum, which negatively impacts the score. The valuation suggests the stock is expensive, further weighing down the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates robust demand across its diversified sectors, enhancing long-term market positioning and profitability.

Market Position

Partnerships expand GRP Ltd's market access and innovation capacity, strengthening its competitive edge in manufacturing and renewable energy.

Profitability

Improved margins reflect effective cost management, supporting sustainable profitability and operational efficiency over the long term.

Negative Factors

Debt Reliance

Moderate debt reliance poses potential risks to financial stability, especially if market conditions tighten or interest rates rise.

Cash Flow Challenges

Negative free cash flow indicates potential liquidity issues, limiting flexibility for investments and growth initiatives.

EBIT Margin

Low EBIT margin highlights inefficiencies in core operations, which could hinder profitability and competitiveness if not addressed.

GRP Ltd Business Overview & Revenue Model

Company Description

GRP Limited manufactures and sells reclaimed rubber products for tire and non-tire rubber goods in India and internationally. The company operates through Reclaim Rubber and Others segments. It offers reclaimed natural and synthetic rubber products for use in inner liners and tubes, tire side walls and piles, tire treads and retreads, conveyor belts, molded goods, adhesives, and footwear, as well as rubber mattings, profiles, and roofing; and POLYCOAT, an elastic powder in compounded form, which is used in NBR based molded products, metal to rubber bonded parts, NBR based oil seals, NBR matting/sheeting, NBR-PVC blend, tires, conveyor belt, molded products, matting/sheeting, tread rubber, seals/gaskets, and flaps applications. The company also provides industrial polymers comprising glass filled and unfilled reprocessed nylon 6 and modified nylon 6,6 used in automotive, electrical and electronics, consumer goods, and industrial applications; and custom die forms consisting of link, door, and industrial mats, as well as dock bumpers primarily for use in civil and agricultural industries. In addition, it generates power from windmill; offers engineering plastics and polymer composite products; and develops poly-blends and thermoplastic elastomers. The company was formerly known as Gujarat Reclaim and Rubber Products Limited and changed its name to GRP Limited in June 2012. GRP Limited was incorporated in 1974 and is headquartered in Mumbai, India.

How the Company Makes Money

GRPLTD generates revenue through multiple streams, primarily from the sale of its industrial components, software solutions, and renewable energy products. The manufacturing division contributes significantly to its earnings by supplying essential components to various industries, including automotive and aerospace. The technology segment offers subscription-based software services, licensing agreements, and tailored solutions for businesses, providing a steady income stream. Additionally, GRPLTD's investments in renewable energy projects, such as solar and wind energy, not only contribute to its revenue through energy sales but also position the company favorably in the growing green energy market. Strategic partnerships with key industry players further enhance GRPLTD's market reach and profitability, allowing for collaborative projects and shared resources that drive innovation and sales.

GRP Ltd Financial Statement Overview

Summary

GRP Ltd shows strong revenue growth and improving profitability with effective cost management. The balance sheet reflects a stable financial structure, though there is a reliance on debt. Cash flow management presents challenges, particularly in generating positive free cash flow.

Income Statement

GRP Ltd has demonstrated strong revenue growth with a significant increase from 2024 to 2025. The gross profit margin has improved, indicating better cost management. The net profit margin also shows positive growth, reflecting effective operational efficiency. However, the EBIT margin is relatively low, suggesting room for improvement in core operational profitability.

Balance Sheet

The company's debt-to-equity ratio is moderate, indicating a balanced approach to leveraging. The return on equity has improved, showcasing effective utilization of shareholder funds. However, the equity ratio suggests a moderate reliance on debt financing, which could pose risks if not managed carefully.

Cash Flow

Operating cash flow has improved, indicating better cash generation from core activities. However, the free cash flow remains negative, highlighting challenges in covering capital expenditures. The operating cash flow to net income ratio is strong, but the free cash flow to net income ratio is concerning, suggesting potential liquidity issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.48B	5.50B	4.57B	4.45B	3.83B	2.77B
Gross Profit	3.11B	2.97B	779.49M	1.43B	1.22B	891.47M
EBITDA	666.26M	680.66M	499.10M	342.83M	243.32M	181.93M
Net Income	280.84M	307.01M	226.37M	139.48M	57.60M	16.69M
Balance Sheet
Total Assets	0.00	4.12B	3.42B	2.87B	2.96B	2.48B
Cash, Cash Equivalents and Short-Term Investments	28.02M	29.39M	17.97M	162.93M	154.39M	137.37M
Total Debt	0.00	1.47B	1.13B	891.49M	1.01B	718.95M
Total Liabilities	-1.92B	2.20B	1.76B	1.39B	1.60B	1.16B
Stockholders Equity	1.92B	1.92B	1.67B	1.47B	1.36B	1.32B
Cash Flow
Free Cash Flow	0.00	-213.13M	-302.82M	-50.58M	-225.29M	214.80M
Operating Cash Flow	0.00	445.62M	270.09M	251.30M	15.21M	250.60M
Investing Cash Flow	0.00	-612.54M	-420.93M	-54.52M	-383.42M	8.63M
Financing Cash Flow	0.00	177.63M	146.68M	-193.75M	233.81M	-204.33M

GRP Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1761.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GRPLTD, the sentiment is Negative. The current price of 1761.1 is above the 20-day moving average (MA) of 1735.46, below the 50-day MA of 1841.31, and below the 200-day MA of 2343.50, indicating a neutral trend. The MACD of -18.38 indicates Negative momentum. The RSI at 47.70 is Neutral, neither overbought nor oversold. The STOCH value of 70.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GRPLTD.

GRP Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GNA	73 Outperform	₹15.27B	14.55	―	0.95%	-4.65%	9.95%
IMPAL	70 Outperform	₹12.65B	14.69	―	2.86%	―	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
HITECHGEAR	60 Neutral	₹14.17B	49.54	―	0.74%	-17.86%	-49.46%
GRPLTD	59 Neutral	₹9.38B	34.06	―	0.85%	8.55%	20.47%
INDNIPPON	58 Neutral	₹18.01B	20.15	―	1.57%	22.67%	24.50%
IGARASHI	54 Neutral	₹13.57B	88.91	―	0.57%	0.94%	-32.59%

GRP Ltd Corporate Events

GRP Limited Acquires 26% Stake in Solar Power Supplier BECIS Solar 5

GRP Limited has increased its presence in renewable energy procurement by acquiring a significant minority stake in BECIS Solar 5 Private Limited, a company from which it sources solar power. In the first tranche of the transaction, GRP subscribed to and was allotted 351,351 fully paid-up equity shares in BECIS, representing 26% of its issued and paid-up share capital, signaling a deeper strategic alignment with solar power supply that could support long-term energy cost management and sustainability goals.

GRP Limited Releases Unaudited Financial Results for September 2025

GRP Limited has released an investor presentation detailing its unaudited financial results for the quarter and half-year ending September 30, 2025. This move is part of the company’s compliance with SEBI regulations and aims to maintain transparency with its investors, potentially impacting its market perception and stakeholder confidence.